SF Case Shiller Dropped in January

Having ended last year with the largest month-over-month decline in seven years, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area (which includes the East Bay, North Bay and Peninsula) dropped another 1.3 percent in January.

The index has dropped a total of 4.3 percent since the third quarter of 2018. And its year-over-year gain now measures 1.8 percent, representing the smallest year-over-year gain for the index since the second quarter of 2012.

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As we first noted in the third quarter of last year, Las Vegas is still leading the nation in terms of home price gains, up 10.5 percent year-over-year versus a national average of 4.3 percent, with Phoenix in second place (up 7.5 percent) and Minneapolis (up 5.1 percent) having displaced Atlanta (up 4.9 percent).

At 1.8 percent, San Francisco ranked second to last in terms of year-over-year gains, trailed only by San Diego (up 1.3 percent). And the national average was the lowest since 2015.

Wonder how accurate is the data. AFAIK, inventory in Las Vegas rises a lot.

Doesn’t @BAGB have properties in LV? He may know.

No property in LV. Not sure how much its economic diversity has improved